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Calculate the return-on-investment for this scenario. A large automobile dealership decides to provide a one-day onsite training for its sales associates. The dealership sells 3,500
- Calculate the return-on-investment for this scenario. A large automobile dealership decides to provide a one-day onsite training for its sales associates. The dealership sells 3,500 automobiles a year. Before the training, only 25% of customers purchased an extended warranty. After the training, 30% of customers are purchasing the extended warranty. Extended warranties sell for $200. The costs of the training are:
- Trainer: $2,500
- Travel expenses for trainer: $1,200
- Curriculum: $500
- Refreshments and lunch: $350
Then respond to the following questions:
- What is the ROI for the program described this scenario?
- How does ROI relate to Kirkpatricks Evaluation Model?
- Why is measuring ROI important, and how is this measurement useful?
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